Ashwini Container Movers to Raise ₹65 Crore via SME IPO for Expansion, Loan Repayment

New Delhi, June 19 – Ashwini Container Movers Ltd (ACML), a cargo transportation services provider, is set to raise ₹65 crore through its upcoming initial public offering (IPO) to fuel its expansion plans and strengthen its balance sheet.

NSE Emerge Approval Secured

The Navi Mumbai-based company has received in-principle approval from NSE Emerge for listing on the SME platform. The proposed IPO will consist of a fresh issue of 50 lakh equity shares.

Fund Utilisation Breakdown

According to the draft prospectus, ACML plans to allocate the proceeds as follows:

• ₹57 crore for repayment or prepayment of outstanding loans to optimise its capital structure
• ₹8 crore towards capital expenditure for expanding its truck fleet
• The remaining funds will go towards general corporate purposes

Strong Presence in Western India

Operating a fleet of over 250 containerised trucks, ACML provides cargo transportation services primarily across Maharashtra and Gujarat.

Financial Performance Snapshot

The company reported significant growth in the first half of FY25:

This robust performance in H1 FY25 indicates a notable turnaround and operational momentum.

IPO Management

Corporate Professionals Capital is the book-running lead manager for the issue, while Bigshare Services will serve as the registrar.

The IPO marks a strategic step forward for ACML as it looks to scale operations and strengthen its financial foundation.

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